Luxury real estate sales are facing challenges, with properties like Jim Carrey’s Los Angeles mansion seeing multiple price cuts due to LA’s mansion tax. Meanwhile, demand remains strong in the Midwest and Northeast, where limited inventory is pushing home prices higher. Baby Boomers are holding onto their homes, further restricting supply, while a surprising trend among the ultra-wealthy shows more millionaires choosing to rent rather than buy. The recent Fed rate cut is expected to boost confidence and increase market activity, potentially driving up transaction volume and home prices.